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Earn +20 ptsQ: When total revenues exceed total expenses what is the difference called?
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Related questions
Net income will result during a time period when?
revenues exceed expenses.
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
What happens when a business costs and expenses exceed its revenues?
When company incurres more costs and expenses then actual revenues earns it cause a net loss for tha fiscal year.
A net loss will result during a time period when?
When expenses exceed revenues a net loss occurs.
What is it called When tax revenues exceed expenditures?
Budget Surplus
What is it called when your expenses exceed your income?
UNSUCCESSFUL
What is it called when federal expenditures exceed tax revenues?
budget surplus
When revenues exceed expenditures, _____.?
there is a budget surplus
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When total revenues exceed total cost a business has registered?
A loss.
Annual tax revenues in Illinois exceeds billions dollars?
Annual tax revenues in Illinois exceed $51,000,000,000 ($51 billion).
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
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